DIRECTIVE NO 8 OF CENTRAL PEOPLE'S COMMITTEE

27 December 1932

[Text] Now, in order to unify finances, and to maintain a constant understanding of the financial state of all Soviets, and to facilitate overall financial planning and control, the Financial People's Committee has determined that next January 1st a national treasury shall be established to carry out a plan X. All revenues will be paid to treasury branches and will be controlled by the Center. This is an important basis for setting up unified finances. Government organs at all levels and all Red army units and all local armed associations must understand thoroughly that starting 1 January the major political and military work of the united finances shall be managed according to the treasury regulations and accounting rules promulgated by the Financial People's Committee:

1. All expenditures by all organs and all units must be budgeted in advance according to the various systems and reported to superiors. Without obtaining a draft from the Financial People's Committee, absolutely no withdrawals from the branch treasuries or temporary loans may be made. Violators shall be considered as sabotaging the financial unification.

2. All independent local guerrilla units' and all local armed associations' expenses must be on a self-supporting basis; but funds raised by local armed organizations also shall be paid over to the military organs for planned allocation.

3. If some local armed associations by reason of temporary difficulties cannot support themselves, they must make a budget and report it to the military district to receive a disbursement. They cannot under any circumstances take it upon themselves to draw from the branch treasuries.

4. Financial departments at all levels must direct and supervise their subordinate organizations in an even more planned way, intensify the collection of all revenues, and develop financial sources. They may not, because of the availability of disbursements from above, relax in the matter of collecting revenues. Violations will be considered sabotage.

5. Budgets at all levels must be reported by a set date, and all expenditures must be made item by item in accordance with the specific amounts authorized by the higher authorities.

All organizations and units must faithfully comply with and carry out the above. It is so ordered.

Chairman Mao Tse-tung
Vice-Chairmen Hsiang Ying, Chang Kuo-tao
27 December 1932
Red China, No 46, 7 Jan 1933